Examines transforming farmers into entrepreneurs, suggesting enhanced income and rural growth.
India’s journey toward Viksit Bharat 2047 cannot be achieved without transforming the lives-livelihoods of its own farmers. Traditionally viewed as primary producers, farmers are largely remained dependent on fluctuating markets, limited value addition which lead them to uncertain/ variable incomes. This paper argues for a requirement of shift and repositioning Indian farms as Micro, Small, and Medium Enterprises (MSMEs) and farmers as entrepreneurs rather than mere cultivators. By integrating Indian agricultural farms within the MSME framework, farmers can gain improved access to credit, technology, better formal markets, skill development, global market and government incentives. Entrepreneurial farming encourages value addition, diversification in agriculture, agri-processing, branding, and participation in national and global supply chains. Such a transition not only enhances income stability but also promotes rural industrialization, employment opportunities, and inclusive economic growth. The study examines policy possibilities, institutional support systems, and structural reforms necessary to enable this transformation. Empowering farmers as entrepreneurs is not merely an economic strategy; it is a social and developmental emerging necessity that aligns agriculture with India’s broader vision of sustainability, global competitiveness as well as self-reliance. Recognizing farms as MSMEs can serve as a powerful agent in building a fully developed rural economy and achieving the vision of a developed India by 2047.
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Saurabh Ramesh Hyalij (2026) studied this question.
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